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Mr. Malik is 37 years old, married and the father of four. He lives with his family in Sanoubougou I, a working-class district in the city of Sikasso (the third administrative region of Mali). Mr. Malik has been working as a vendor of ready-to-wear clothing for 14 years. He went into this line of work after having unsuccessfully tried several other types of business. Given the growth of his customer base, thanks to the high quality of goods, and lack of own funds needed to meet customer demand, he has found it useful to join the microfinance institution Soro Yiriwaso. Having duly repaid three prior individual loans, he is now requesting his fourth loan.

With this fourth loan, he plans to buy 15 different shirts, 20 pants of various quality grades, 18 pairs of shoes of different brands (Soulier, Ferradine etc), five suits, 15 T-shirts and 10 sets of underwear.
He stocks up in Bamako and then resells in his store located in the middle of the Sikasso bus station, to a customer base composed mainly of travelers and drivers. With this loan, he plans to achieve an average monthly income of 100,000 West African Francs, which will allow him to bolster his working capital, honor his obligations to Soro Yiriwaso and provide for some family needs.
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Monsieur Malik âgé de 37 ans marié et père de quatre enfants. Il habite avec sa famille à Sanoubougou I un des quartiers populaires de la ville de Sikasso (troisième region administrative de la république du mali) .
Monsieur Malik exerce les activités d(achat et vente de Prêt à Porter depuis environ 14 ans, après avoir mené plusieurs activités sans succès.
Vu l’augmentation de sa clientèle pour la qualité de ses articles et que ses ressources propres ne pouvant satisfaire les attentes de cette clientèle, il jugea utile de venir auprès de l’institution de microfinance Soro Yiriwaso il y a maintenant deux, ans. Après trois prêts individuels tous correctement remboursés, il sollicite un quatrième prêt.
Avec ce quatrième prêt il compte acheter, 15 chemises différentes, 20 pantalons de qualité différentes, 18 paires de chaussures différentes (Soulier, Ferardine, etc.), 5 complets de veste, 15 Tee-Shirt et 10 complets de sous-vêtement.
Il s’approvisionne à Bamako afin de les revendre dans sa boutique située en pleine cœur de la gare routière de Sikasso avec une clientèle composée essentiellement des voyageurs et de transporteurs.
Il envisage réaliser avec ce premier crédit un bénéfice mensuel moyen de 100 000 FCFA qui permettra d’augmenter son fonds de commerce mais également d’honorer ses engagements à l’égard de Soro Yiriwaso, couvrir d’autres dépenses familles.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

About Mali

  • $1,100
    Average annual income
  • 50
    View loans »
    Mali Loans Fundraising
  • $12,694,550
    Funds lent in using Kiva
  • 494.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD